Over a hundred Lane Bryant food will bang as the accouterment shop’s ancestor aggregation struggles with the furnishings of COVID-19.
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The Ascena Retail Group additionally owns Justice and Catherines, as able-bodied as the ancestor aggregation of both Ann Taylor and Loft. In a July 23 Chapter 11 filing, the aggregation appear its absorbed “to abutting and wind bottomward about 1,100 underperforming brick-and-mortar abundance locations” beyond its 2,800 brick-and-mortar food in the United States and Canada.
According to the Chapter 11 filing, the closures will affect malls and standalone food beyond the country.
In its filing, Ascena attributed the closures to the coronavirus pandemic, adage “the furnishings of the COVID-19 accelerated the charge for a abiding cardinal band-aid to the Debtors’ antithesis area and operating model.” The Lane Bryant food slated for cease were called based on their abridgement of profitability, sales trends, control costs, and added macro factors.
The actual Lane Bryant food will abide to operate, as will the plus-size accouterment retailer’s e-commerce operations.
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